We are global growth investors.
Finding long-term winners
Munro identifies sustainable growth trends that are under-appreciated, not well understood and mis-priced by the market, and in our view, the resulting winning and losing stocks.
Earnings growth drives stock prices
Companies that consistently earn more than the year before are generally rewarded with higher stock prices over time.
Sustained earnings growth
Consistent growth, independent of cyclical factors and above the peer group, is valued at higher multiples.
Identify mispriced growth
Consensus earnings estimates often underestimate growth, its sustainability and cash generation capacity, allowing opportunities to invest in stocks well below their intrinsic value.
Investment Principles
Environment Social Governance
Munro Partners is a signatory to the UN-backed Principles for Responsible Investment (PRI) and has committed to its six principles. We believe that managing environmental, social and governance (ESG) issues contributes to achieving superior, sustainable long-term investment returns on behalf of our clients.
Our approach has two pillars: ESG integration and stewardship. Every long portfolio holding undergoes a proprietary ESG analysis which results in an ESG score on a 1 to 5 scale. The ESG score is one of six qualitative factors that determine what Munro considers the appropriate earnings multiple, and therefore valuation, for the company.
For Munro, stewardship refers to how we use our ownership rights to influence companies towards improved ESG performance. We exercise our voting rights, engage directly with companies on ESG issues, and pursue advocacy collaboratively with other investors. Where we have material ESG concerns, we will either divest or engage with the company depending on the individual circumstances.
Munro reports annually on its responsible investment activities, including aligning reporting to the Task Force on Climate-related Financial Disclosures (TCFD). See our latest Responsible Investment Report for more.